Frequently Asked Questions about Group Insurance

What is the first step?

We need your contact information. Ideally the person nominated would be the main contact for the scheme going forward. We will then call you and go through what is needed.

What do I need to provide for a group insurance quote?

All members of the group insurance scheme will need to provide: full name, tax file number, address, date of birth, gender, smoker status and salary. We will contact you via email to collect this information from you.

What does Lifebroker provide?

We will provide you with a fast and professional service that compares all of the household Australian group insurance brands and products.

Will I get any documentation?

Yes, we will send you via email the formal quotation, the Product Disclosure Statement for the product chosen (this tells you in detail about the group insurance product). We will also send you a presentation the outlines the benefits of choosing Lifebroker.

Why choose group insurance?

Employers or Trustees are responsible for making some key decisions; choosing Lifebroker will ensure that you’ve got it right.

What are the benefits of Group Insurance with Lifebroker?

• The premiums are usually lower than setting up the same cover individually.
• Automatic acceptance for your insurance cover means there is little or no individual medical underwriting.
• Importantly employees feel secure as they are motivated and retained by employers that provide cover.
• Superannuation fund members fund the insurance more affordable as they can have the premiums deducted from their superannuation accounts instead of from their after-tax income.
• Group insurance is more comprehensive when compared to other types of insurance such as health insurance and workers’ compensation.

> Contact Us for more info about Group Insurance